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Press Release - Global Sources (GSOL-NASDAQ) |
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In October, we are launching the next generation of our flagship online marketplace at globalsources.com. The site will offer buyers two major advantages. First, it is a vertical search engine, which will deliver the largest selection of export suppliers and products anywhere on the web. Secondly, it will enable buyers to identify verified suppliers who have all been pre-qualified through face- to- face visits and capability assessments. - Merle A. Hinrichs (GSOL) (Interview published October 12, 2007) |
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To: Global Sources
Investor List
Date: May 6, 2008 Subject: Global Sources Investor Update – April News
Your April news summaries about Global Sources (NASDAQ-GS: GSOL) are enclosed, including top investor news, trade shows & events, industry news and more…
For full details, please click on the links. To read all reports, click http://www.corporate.globalsources.com/INFO/INFO_IDX.HTM.
Top Investor & Corporate News
Industry News
Top Investor & Corporate News
Global Sources Scheduled to Report First Quarter 2008 Results on May 22, 2008
NEW YORK, April 23, 2008 – Global Sources Ltd. (NASDAQ: GSOL) expects to release results for the first quarter 2008 before the market opens on May 22, 2008.
Chairman and CEO, Merle A. Hinrichs, is scheduled to conduct a conference call at 8:00 a.m. ET on May 22, 2008 (8:00 p.m. on May 22, 2008 in Hong Kong) to review these results in more detail. Investors in the United States may participate in the call by dialing (888) 212-8315, and international participants may dial (706) 643-0144. Investors in Hong Kong may call (852) 3011-4522. A live webcast of the conference call is scheduled to be available on Global Sources' corporate site at www.investor.globalsources.com.
Global
Sources' Investor Relations Website Wins Top Awards for the Third
Consecutive Year
HONG KONG, April 7, 2008 – Global Sources (NASDAQ: GSOL) has won three top awards in the 2008 Investor Relations Global Rankings (IRGR) in the small/mid cap category:
Tradeshows & Events
Hong Kong's First
China Sourcing Fair: Baby & Children's Products Opens Today; Only
Specialized Fair to Take Place Four Times a Year in Asia
HONG KONG, April 20, 2008 –Global Sources (NASDAQ: GSOL) (http://www.globalsources.com) will hold the first China Sourcing Fair: Baby & Children's Products at the AsiaWorld-Expo, Hong Kong from April 20-23. The Fair will feature over 130 booths from mainland China and Hong Kong, as well as a pavilion from Taiwan. It is the only show of its kind in Hong Kong.
http://www.corporate.globalsources.com/INFO/PRESS/2008/APR20.HTM
Largest China
Sourcing Fair: Underwear & Swimwear Opens Today – 25 Percent
Increase in Booths from Spring 2007
HONG KONG, April 12, 2008 – The co-located China Sourcing Fairs: Fashion Accessories and Underwear & Swimwear open today and are scheduled to run until April 15 at AsiaWorld-Expo in Hong Kong. Organized by Global Sources (NASDAQ: GSOL) (http://www.globalsources.com), the combined shows feature more than 950 booths. The Underwear & Swimwear show has 25 percent more booths than the first event in April 2007.
http://www.corporate.globalsources.com/INFO/PRESS/2008/APR12_2.HTM
Biggest-Ever Spring
Show – 26 Percent Increase in Booths at China Sourcing Fair:
Electronics & Components
HONG KONG, April 12, 2008 –The biggest-ever April show for the China Sourcing Fair: Electronics & Components opens today at AsiaWorld-Expo, Hong Kong and runs to April 15. The show, organized by Global Sources (NASDAQ: GSOL) (http://www.globalsources.com), features over 2,400 booths – a 26 percent increase compared to April 2007. More than 1,800 booths from mainland China have contributed to this year’s success – a 33 percent year-on-year increase.
Largest U.S. Farm
and Ranch Product Retailer with Over US$2 Billion in Annual Sales
Meets with 23 Pre-Screened Greater China Suppliers
HONG KONG, April 28, 2008 – Tractor Supply, the largest U.S. farm and ranch product retailer with over US$2 billion in annual sales, met 23 Greater China suppliers pre-screened by Global Sources (NASDAQ: GSOL) at the Private Sourcing Event (http://www.PrivateSourcingEvents.com) in Shenzhen on April 7.
http://www.corporate.globalsources.com/INFO/PRESS/2008/APR28.HTM
Meetings with
Pre-Screened Lighting Suppliers Help Seven Top Buyers, Including
Brookstone, Lowe's, Woolworths Australia, Streamline Their Greater
China Sourcing
HONG KONG, April 1, 2008 – Global Sources (NASDAQ:GSOL) announced that seven buyers with combined annual sales of US$169 billion met 31 pre-screened Greater China suppliers at the Private Sourcing Event: Lighting & Electricals (http://www.PrivateSourcingEvents.com) in Guangzhou on March 27, 2008.
http://www.corporate.globalsources.com/INFO/PRESS/2008/APR01.HTM
Industry News
Seventy-Seven Percent of Costume Jewelry Manufacturers in Greater China Plan to Increase Prices: China Sourcing Report
HONG KONG, April 29, 2008 – Due largely to higher labor and raw material costs, 77 percent of Greater China costume jewelry manufacturers expect to raise prices in 2008. This is according to Global Sources (NASDAQ: GSOL) China Sourcing Report: Costume Jewelry (http://www.chinasourcingreports.com/costumejewelry07).
http://www.corporate.globalsources.com/INFO/PRESS/2008/APR29.HTM
Survey Shows 80
Percent of Greater China Suppliers Plan to Raise Export Prices –
Highest since 2005
HONG KONG, April 21, 2008 –Global Sources' (NASDAQ: GSOL) (http://www.globalsources.com) Fifth Bi-Annual China Supplier Survey shows that 80 percent of Greater China suppliers plan to raise export prices in the next six months. This is up from 59 percent in the previous survey, and is the highest since the first survey in 2005.
http://www.corporate.globalsources.com/INFO/PRESS/2008/APR19.HTM
84% of Greater China
Electronics Exporters Plan to Increase Production Capacity; Most to
Hold Prices
HONG KONG, April 11, 2008 – Global Sources' (NASDAQ: GSOL) (http://www.globalsources.com) China Supplier Survey on electronics products shows that 84 percent of electronics suppliers in Greater China plan to increase production capacity and more than half of them are planning to keep price increases to 5 percent or below. This is despite higher costs of raw materials and RoHS compliance.
http://www.corporate.globalsources.com/INFO/PRESS/2008/APR11.HTM
Export Prices of Mainland China and Taiwan -Made Portable GPS Units Expected to Continue Falling in 2008 - China Sourcing Report
HONG KONG, April 2, 2008 – Sixty-one percent of mainland China and Taiwan portable GPS manufacturers expect to reduce export quotes in 2008 due to fierce price competition. Seventy-nine percent of these manufacturers expect to decrease their export quotes by up to 10 percent. This is according to Global Sources' (NASDAQ: GSOL) China Sourcing Report: Portable GPS (http://www.ChinaSourcingReports.com/portablegps07report).
http://www.corporate.globalsources.com/INFO/PRESS/2008/APR02.HTM
About Global Sources Global Sources is a leading business-to-business media company and a primary facilitator of trade with Greater China. The core business is facilitating trade from Greater China to the world, using a wide range of English-language media. The other business segment facilitates trade from the world to Greater China, and trade within China, using Chinese-language media.
The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 700,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 230 countries.
The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 2 million products and more than 170,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and 10 specialized trade shows which run 32 times a year across nine cities.
Suppliers receive more than 27 million sales leads annually from buyers through Global Sources Online (http://www.globalsources.com) alone.
Global Sources has been facilitating global trade for 37 years. Global Sources' network covers more than 69 cities worldwide. In mainland China, Global Sources has over 2,100 team members in more than 44 locations, and a community of over 1 million registered online users and magazine readers for Chinese-language media.
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